Biden’s Regulatory Efforts Heat Up
On Tuesday, June 13, President Joe Biden released his Spring regulatory agenda, outlining plans to address climate change, health policies, and more.
Smoke Signals & Taxing Events
It was a busy week in the nation’s capital. The Constitution Partners team reviewed the major events driving American public policy and business interests, and have provided a summarized overview for your review.
Interagency Collaboration on Hydrogen Tax Matters as Biden Administration Publishes First Strategic Roadmap
Technical experts from the Department of Energy are weighing in on how the Treasury Department should devise a production tax credit for hydrogen.
Congress Finally Passes Debt Ceiling Compromise - What's Next?
Late last week, the Senate passed legislation to suspend the debt ceiling and restrict government spending through the 2024 election, ending a drama that threatened a global financial crisis. The measure was signed Saturday by President Joe Biden, who forged the deal with Speaker Kevin McCarthy (R-CA) and plans to sign it just days before a looming U.S. default.
Deep Dive: Fiscal Responsibility Act of 2023
Chief negotiators worked over the weekend to put together a debt ceiling agreement to take to Congress for consideration by legislators. While a deal was announced around 9pm EST Saturday evening, the legislative text of the Fiscal Responsibility Act was only published on Sunday evening. Constitution Partners reviewed the legislative proposal and has the following analysis.
Debt Ceiling Deal Emerges; Uncertain Future Remains
Chief negotiators have worked over the weekend to put together a debt ceiling agreement to take to Congress for consideration by legislators. Leaders worked throughout the day and the deal was announced around 9pm EST.
Supreme Court Deals Major Blow to Biden Water Priorities; Clean Water Act Interpretation Significantly Narrowed
On May 25, the U.S. Supreme Court issued a ruling against the Environmental Protection Agency (EPA) that has significant implications for wetland protections and throws the Biden administration's current water policy rule into limbo.
Energy Department Launches New Clean Fuels & Products Effort
On May 24, the Department of Energy announced a new ‘EarthShot’ to find low-carbon alternatives to petroleum-based transportation fuels and chemical feedstocks for plastics. In addition to identifying five critical research areas, the announcement set specific emissions reduction targets for year 2050.
White House Takes On Artificial Intelligence; Releases New A.I. RFI
The Biden Administration has rolled out an updated “National AI R&D Strategic Plan,” which nine focus areas for federal AI efforts. The White House's announcement this week also includes a new RFI on the matter, as well as an update on AI from the Department of Education.
USTR Extends COVID-Related Section 301 Product Exclusions
On May 17, the United States Trade Representative (USTR) once again extended the Section 301 tariff exclusions of certain medical-care products needed to address the COVID-19 pandemic. Click to learn more.
Farm Bill Presents Opportunity to Address Nation's Food Security; Protect American Growers and Consumers
With the United States set to become a net food importer in 2023, there has never been a more important time to address several core reasons for this increasingly dangerous dependence on foreign markets. Constitution Partners dives into several policy proposals that will protect the growers and packers of America’s fruits and vegetables.
House Passes Debt Ceiling, Spending Cuts Legislation with Uncertain Future
On Wednesday, April 26, the House passed the Limit, Save, Grow Act of 2023, legislation intending to increase the federal debt limit and decrease spending. It would also repeal several energy tax credits, modify the permitting process, expand work requirements for the Supplemental Nutrition Assistance Program (SNAP), and nullify regulations for federal student loan debt cancellation.
Senate HELP Committee Reaches a Deal on Drug Pricing Legislation
The Senate Health, Education, Labor, and Pensions (HELP) Committee Chair Bernie Sanders (I-VT) and Ranking Member Bill Cassidy (R-LA) have reached a bipartisan deal on a slate of drug-pricing bills. The legislative package includes initiatives to spur generic drug approvals, cut fees from pharmaceutical middlemen, and cap the cost of insulin.
Ways and Means Hearing Re-Cap: Green Energy Tax Credits
On Wednesday, April 19, the House Ways and Means Committee held a hearing titled “On the U.S. Tax Code Subsidizing Green Corporate Handouts and the Chinese Communist Party.” During the hearing, Republicans slammed the recipients of the Inflation Reduction Act’s energy tax credits, saying large corporations are raking in most of the benefits. The rhetoric marked a shift for Republicans, who traditionally favor cutting taxes for businesses but are increasingly focused on anti-China policies. Meanwhile, Democrats at the hearing emphasized the negative effects that repeal would have, given the jobs already created. Below are some highlights from the hearing broken down by subject matter.
Lessons Learned from the Covid-19 Pandemic: A DC Perspective
This week marks the end of the U.S. national emergency to respond to the COVID-19 pandemic as President Joe Biden signed a bipartisan congressional resolution to bring it to a close after three years — weeks before it was set to expire alongside a separate public health emergency. The President signed the measure after having initially opposed the congressional resolutions.
2024 Presidential Election Outlook
Even though the next presidential election is not for another year and a half, candidate announcements, fundraising, and campaigning efforts are already underway. Here is an analysis of the current political landscape and prospects for the 2024 election cycle.
One Year of ARPA-H and its First Funding Opportunity
The Advanced Research Projects Agency for Health (ARPA-H) is seeking funding proposals for research aiming to improve health outcomes across patient populations, communities, diseases, and health conditions. ARPA-H also encourages concepts to advance the objectives of President Biden’s Cancer Moonshot, as well as more disease-agnostic approaches.
Democrats Push Union-Sympathizing PRO Act
In late February, Rep. Bobby Scott (D-VA-03), Ranking Member of the House Committee on Education and the Workforce and Rep. Brian Fitzpatrick (R-PA-01) introduced the Richard L. Trumka Protecting the Right to Organize (PRO) Act of 2023, legislation described by the sponsors as a comprehensive proposal to protect workers’ right to collectively bargain for higher wages, improved benefits, and safer workplaces.
House Passes the Lower Energy Costs Act; Heads to Senate Chamber
House Republicans passed a sprawling energy bill (H.R. 1) on Thursday, March 10th, delivering their biggest legislative win since they took control of the chamber in January. The legislation passed by a 225-204 vote with Representatives Cuellar (D-TX), Gluesenkamp Perez (D-WA), Golden (D-ME), and Gonzalez (D-TX) joining their Republican colleagues and enabling House Speaker Kevin McCarthy (R-Calif.) to tout the bill as bipartisan.
Biden Approves Drilling in Alaska: The Willow Project and What This Means
The Biden Administration has approved the Willow Project in Alaska, which is set to be a significant and decades-long oil drilling venture located in the National Petroleum Reserve (NPR-A), previously known as Naval Petroleum Reserve.